Turkey Not Properly Imposing, Enforcing UN Sanctions, FATF Says
Turkey has failed to properly apply United Nations sanctions and designations, which are often subject to “long delays” and are not effectively enforced, the Financial Action Task Force said in a December report. The FATF said “no penalties or oversight…
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exist for contravention” of certain UN sanctions in Turkey, and the country has been unable to provide “evidence” that it is making “good use” of tools that allow authorities to seize criminal assets and carry out sanctions enforcement. Turkey also has never imposed a terrorism-related designation, the report said.